Dec 19 Watch 6:35 Markets drop as Fed signals it’s not done raising interest rates yet In a sign of confidence in economic growth, the Federal Reserve raised its benchmark interest rate by a quarter point, to its highest level in a decade. Fed chairman Jerome Powell said politics played "no role whatsoever" in the bank's… Continue watching
Dec 19 Column: Fix, don’t eliminate private Medicare plans By Philip Moeller People need to be aware of the shortcomings of Medicare Advantage plans compared with original Medicare, but the solution is not to get rid of Medicare Advantage altogether, writes Phil Moeller. Continue reading
Dec 19 WATCH: Fed lifts rates for 4th time this year but sees fewer hikes ahead By Martin Crutsinger, Associated Press The quarter-point hike, to a range of 2.25 percent to 2.5 percent, lifted the Fed's benchmark rate to its highest point since 2008. The increase will mean higher borrowing costs for many consumers and businesses. Continue reading
Dec 18 How the economy could become Trump’s biggest re-election threat By Jonathan Lemire, Catherine Lucey, Associated Press Trump has tied his political fortunes to the stock market in an unprecedented fashion, which could end up hurting his 2020 re-election bid. Continue reading
Dec 17 Second straight plunge knocks stocks to lowest levels in more than a year By Marley Jay, Associated Press The Dow Jones Industrial Average fell 507 points after a 496-point drop Friday, and all the major stock indexes fell at least 2 percent. Continue reading
Dec 17 California’s wildfire victims could be like most homeowners: underinsured By Gretchen Frazee Many of them will likely find they do not have enough insurance to cover the cost of rebuilding. Continue reading
Dec 14 Stocks plunge on fears of weak global economic growth By Marley Jay, Associated Press Weak economic data from China and Europe sparked concerns about the global economy, prompting a stock sell-off. Continue reading
Dec 14 Why automation won’t put artists out of work just yet By Courtney Vinopal Creative fields are often held up as careers that are least threatened by the advancement of artificial intelligence. But computers and robots have already proven they can contribute to and change the arts, especially in commercial ways. Continue reading
Dec 14 Business debt swells to $9 trillion, worrying investors By Stan Choe, Associated Press U.S. corporate debt has grown by nearly two-thirds since 2008, as companies continue to borrow at super-low interest rates. Continue reading
Dec 14 Theresa May sticks to her Brexit plan despite EU doubts By Lorne Cook, Jill Lawless, Associated Press May is seeking changes to the Brexit deal to make it more palatable to U.K. lawmakers, but European Union leaders say renegotiating the agreement is not an option. Continue reading